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Rechargeable Thin Film Battery Market Trends

Report ID: GMI6624
Published Date: Sep 2023
Report Format: PDF

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Rechargeable Thin Film Battery Market Trends

Rechargeable Thin Film Battery Market Size,

The trend towards the miniaturization of electronic devices has driven the development of thin-film solid-state batteries. This has been further fueled by the rising demand for smart cards, implantable medical devices, RFID technology, and various wearable devices. Moreover, ongoing advancements in energy harvesting and low-power electronics, along with the development of highly conductive thin-film electrolytes and electrodes, are set to drive increased adoption of these batteries across a wide array of applications. Rechargeable thin film batteries are becoming increasingly popular in wearable technology, such as smartwatches and fitness trackers. The demand for remote patient monitoring and the development of innovative medical technologies are driving this trend.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of rechargeable thin film battery was reached USD 108.4 million in 2023 and will register 40.4% CAGR from 2024 to 2032, due to increasing demand for dependable and compact electronic devices worldwide.

The consumer products segment will record over 38.5% CAGR from 2023 to 2032, on account of the growing disposable income and increased per capita spending of consumers.

North America held a remarkable share of the rechargeable thin film battery industry in 2022 and is expected to register over 38.7% CAGR through 2032, owing to the increasing adoption of portable electronics and medical devices in the region.

Cymbet, BrightVolt Solid State Batteries, Johnson Energy Storage, Inc., Ilika Ltd., Prieto Battery Inc, STMicroelectronics, ITEN, Ion Storage Systems, Enfucell Flexible Electronics LTD, and Imprint Energy, are some of the major rechargeable thin film battery companies worldwide.